Jingye Chen Sells 800 Shares of SEA (NYSE:SE) Stock

Sea Limited Sponsored ADR (NYSE:SEGet Free Report) insider Jingye Chen sold 800 shares of the firm’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $83.31, for a total value of $66,648.00. Following the sale, the insider directly owned 216,800 shares of the company’s stock, valued at approximately $18,061,608. This represents a 0.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jingye Chen also recently made the following trade(s):

  • On Monday, April 27th, Jingye Chen sold 800 shares of SEA stock. The shares were sold at an average price of $85.93, for a total value of $68,744.00.
  • On Friday, April 24th, Jingye Chen sold 800 shares of SEA stock. The shares were sold at an average price of $84.58, for a total value of $67,664.00.
  • On Wednesday, April 22nd, Jingye Chen sold 800 shares of SEA stock. The shares were sold at an average price of $85.99, for a total value of $68,792.00.
  • On Monday, April 20th, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $89.56, for a total value of $71,648.00.
  • On Friday, April 17th, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $92.07, for a total value of $73,656.00.
  • On Wednesday, April 15th, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $88.89, for a total value of $71,112.00.
  • On Monday, April 13th, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $85.75, for a total value of $68,600.00.
  • On Friday, April 10th, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $85.74, for a total value of $68,592.00.
  • On Wednesday, April 8th, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $86.62, for a total value of $69,296.00.
  • On Monday, April 6th, Jingye Chen sold 800 shares of SEA stock. The stock was sold at an average price of $82.98, for a total value of $66,384.00.

SEA Trading Up 1.6%

Shares of SE opened at $86.20 on Friday. The business has a 50-day moving average of $88.49 and a 200 day moving average of $118.22. Sea Limited Sponsored ADR has a fifty-two week low of $77.05 and a fifty-two week high of $199.30. The firm has a market cap of $50.78 billion, a P/E ratio of 34.21, a price-to-earnings-growth ratio of 0.89 and a beta of 1.69. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.57 and a current ratio of 1.58.

SEA (NYSE:SEGet Free Report) last announced its quarterly earnings data on Tuesday, March 3rd. The Internet company based in Singapore reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.28). SEA had a return on equity of 15.20% and a net margin of 6.93%.The firm had revenue of $6.85 billion during the quarter, compared to analysts’ expectations of $6.42 billion. During the same period last year, the business posted $0.39 EPS. The company’s revenue was up 38.4% compared to the same quarter last year. As a group, research analysts forecast that Sea Limited Sponsored ADR will post 3.32 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on SE. Bank of America restated a “buy” rating and issued a $125.00 target price on shares of SEA in a research note on Monday, March 9th. Jefferies Financial Group restated a “buy” rating and issued a $150.00 target price on shares of SEA in a research note on Tuesday, March 3rd. JPMorgan Chase & Co. cut their target price on SEA from $170.00 to $168.00 and set an “overweight” rating for the company in a research note on Monday, April 20th. Morgan Stanley set a $121.00 target price on SEA and gave the stock an “overweight” rating in a research note on Friday, March 13th. Finally, Sanford C. Bernstein cut their target price on SEA from $170.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, March 4th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $161.66.

Get Our Latest Analysis on SEA

SEA News Summary

Here are the key news stories impacting SEA this week:

Institutional Trading of SEA

A number of large investors have recently modified their holdings of SE. Salomon & Ludwin LLC boosted its position in shares of SEA by 2,860.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 148 shares of the Internet company based in Singapore’s stock valued at $27,000 after acquiring an additional 143 shares during the last quarter. Rothschild Investment LLC boosted its position in shares of SEA by 114.0% during the 3rd quarter. Rothschild Investment LLC now owns 199 shares of the Internet company based in Singapore’s stock valued at $36,000 after acquiring an additional 106 shares during the last quarter. Zions Bancorporation National Association UT boosted its position in shares of SEA by 539.6% during the 4th quarter. Zions Bancorporation National Association UT now owns 307 shares of the Internet company based in Singapore’s stock valued at $39,000 after acquiring an additional 259 shares during the last quarter. Holos Integrated Wealth LLC bought a new stake in shares of SEA during the 4th quarter valued at about $44,000. Finally, Cornerstone Planning Group LLC boosted its position in shares of SEA by 461.5% during the 4th quarter. Cornerstone Planning Group LLC now owns 657 shares of the Internet company based in Singapore’s stock valued at $83,000 after acquiring an additional 540 shares during the last quarter. Institutional investors own 59.53% of the company’s stock.

About SEA

(Get Free Report)

Sea Limited (NYSE: SE) is a Singapore-based consumer internet company that operates a trio of interconnected businesses across digital entertainment, e-commerce and digital financial services. Founded in 2009 as Garena and later rebranded as Sea, the company is headquartered in Singapore and listed on the New York Stock Exchange. Sea positions itself as a technology platform focused on enabling online consumers, merchants and developers primarily across Southeast Asia and adjacent markets.

Sea’s digital entertainment arm, Garena, is a game developer and publisher that also organizes esports initiatives and operates online gaming platforms.

Further Reading

Insider Buying and Selling by Quarter for SEA (NYSE:SE)

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